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August 31st, 2016 4:35 pm
We have come to a point in time where you are causing more harm than good. For decades, your role as not only the central bank to the US, but to the entire financial world helped ensure confidence in a fiat economy. Central control of a nation’s monetary system is undoubtedly an incredibly important role. You know this. After all, you were created in 1913 in response to systemic banking crises and failur...
August 31st, 2016 4:29 pm
Courtesy of Doug Short's Advisor Perspectives.The S&P 500 opened lower and steadily sold off to its -0.68% intraday low during the lunch hour. The trend then reversed, and the index erased most of the loss to finish the session with a modest 0.24% decline. This was seventh loss in nine sessions and the eighth loss in the twelve sessions since the record close on August 15th.
The yield on the 10-year note closed at at 1.58%, up one basis point from the previous close.
Here is a snapshot of past five sessions in the S&P 500.
Here is monthly chart of the index. The fractional -0.12% monthly close was the first negative month since February.
A Perspective on Drawdowns
Here's a snapshot of selloffs since the 2009 trough.
August 31st, 2016 4:02 pm
By Rupert Hargreaves. Originally published at ValueWalk.
Bruce Kovner is somewhat of a legend in the hedge fund world. Worth an estimated $5.3 billion according to Forbes, Kovner built his wealth managing money for clients at his macro firm Caxton Associates, which closed its doors in 2011. Kovner started at the Commodities Corporation in the 1970s and went on to start Caxton in 1983, a commodities-focused fund itself.
Kovner believes his edge over other investors is the ability to spot trends and connections between industries and markets before others. He is also (it seems) a value investor at heart, according to pioneering...
August 31st, 2016 3:38 pm
Courtesy of Mish.
Acting prime minister Mariano Rajoy came up six votes short in his attempt to build a coalition government, as expected in this corner.
Rajoy and his People’s Party (PP) worked out an agreement with Ciudadanos (Citizens), but the socialists (PSOE), the radical left Unidos Podemos (United We Can), and small separatist parties refused to go along. The margin was 180 to 170 against, with Rajoy needing 176 votes.
The result is Still No Government in Spain.
Spain’s political crisis deepened yet further on Wednesday when caretaker prime minister Mariano Rajoy failed to win the confidence of parliament in order to for...
August 31st, 2016 1:22 pm
Financial Markets and Economy
The first debate of the U.S. presidential campaign. A Group of 20 (G20) central bank interest rate announcement nearly every other trading day. And a key meeting among commodity nations around the world.
Treasury Secretary Lew Criticizes EU Decision to Issue Apple $14.5 Billion Tax Bill (The Wall Street Journal)
WASHINGTON—U. S. Treasury Secretary Jacob Lew took the European Union to task Wednesday for its decision to ...
August 31st, 2016 10:11 am
Courtesy of Chris Kimble.
Gold miners have had a great run this year. They could be losing grip on key support of late!
Below looks at the Gold & Silver mining index (XAU) over the past decade.
CLICK ON CHART TO ENLARGE
I like to keep an eye on the XAU index because it is the oldest mining index in the states and it includes both Gold & Silver mining stocks.
August 31st, 2016 12:00 am
Courtesy of Benzinga.Related HRB The Market In 5 Minutes: Despite Jump, The 'Fear Index' Still Trading At 52-Week Lows 12 Stocks Moving In Wednesday's Pre-Market Se...
August 29th, 2016 10:00 am
Reminder: OpTrader is available to chat with Members, comments are found below each post.
This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).
We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options.
Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.
To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...
August 22nd, 2016 1:15 pm
Reminder: Pharmboy is available to chat with Members, comments are found below each post.
Epizyme was founded in 2007, and trying to create drugs to treat patient's cancer by focusing on genetically-linked differences between normal and cancer cells. Cancer areas of focus include leukemia, Non-Hodgkin's lymphoma and breast cancer. One of the Epizme cofounders, H. Robert Horvitz, won the Nobel Prize in Medicine in 2002 for "discoveries concerning genetic regulation of organ development and programmed cell death."
Before discussing the drug targets of Epizyme, understanding epigenetics is crucial to comprehend the company's goals.
Genetic components are the DNA sequences that are 'inherited.' Some of these genes are stronger than others in their expression (e.g., eye color). Yet, some genes turn on or off due to external factors (environmental), and it is und...
August 19th, 2016 11:17 am
Man Who Introduced Millions to Bitcoin Says Blockchain Is a Bust
Stefan Thomas, who introduced millions of people to bitcoin, has had a change of heart.
Blockchain, the ledger software that makes the digital currency possible...
July 27th, 2016 1:08 pm
Looks like we are down to about 10 companies for our consumer goods:
Just like banks, airlines and cable companies!
The Illusion of Choice in Consumer Brands
Explore the full-size version of the above graphic in all its glory.
If today’s infographic looks familiar, that’s because it originates from a well-circulated report that Oxfam International puts together to show consolidation i...
May 13th, 2016 2:40 pm
Reminder: Harlan is available to chat with Members, comments are found below each post.
December 15th, 2015 2:15 pm
We know you love coming here for our Stocks & Options education, strategy and trade ideas, and for Phil's daily commentary which you can't live without, but there's more!
PhilStockWorld.com features the most important and most interesting news items from around the web, all day, every day!
News: If you missed it, you can probably find it in our Market News section. We sift through piles of news so you don't have to.
If you are looking for non-mainstream, provocatively-narrated news and opinion pieces which promise to make you think -- we feature Zero Hedge, ...
May 22nd, 2014 5:03 pm
"Hello PSW Members –
This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible. Feel free to contact me directly at firstname.lastname@example.org with any questions.
Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts. After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.) Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.
Thank you for you time!
Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...